Chinese participants began to return to the market on Friday after the Golden Week national holiday on October 1-8.
Fastmarkets’ manganese ore index, 37% Mn, cif Tianjin
was $4.10 per dry metric tonne unit (dmtu) on Friday October 9, down by 11 cents, or 2.6%, from $4.21 per dmtu a week before.
The corresponding manganese ore index, 37% Mn, fob Port Elizabeth
also dropped by 11 cents, or 3.1%, to $3.41 per dmtu on the same day, from $3.52 per dmtu in the prior week.
And Fastmarkets’ manganese ore index, 44% Mn, cif Tianjin
was $4.34 per dmtu on October 9, down by 6 cents, or 1.4% from $4.40 per dmtu previously.
Many buyers of lower grade manganese ore either took a watchful stance or bid aggressively in response to an offer price released at the...